Down and Out in Discount America

Down and Out in Discount America: “Al Zack, who until his retirement in 2004 was the United Food and Commercial Workers’ vice president for strategic programs, observes that appealing to the poor was ‘Sam Walton’s real genius. He figured out how to make money off of poverty. He located his first stores in poor rural areas and discovered a real market. The only problem with the business model is that it really needs to create more poverty to grow.’ That problem is cleverly solved by creating more bad jobs worldwide. In a chilling reversal of Henry Ford’s strategy, which was to pay his workers amply so they could buy Ford cars, Wal-Mart’s stingy compensation policies–workers make, on average, just over $8 an hour, and if they want health insurance, they must pay more than a third of the premium–contribute to an economy in which, increasingly, workers can only afford to shop at Wal-Mart.”

(Via .)

this is one of the reasons that i boycott walmart.